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The data below are taken from the financial statements of YY Stationery Company:

By December 6, 2021No Comments

The data below are taken from the financial statements of YY Stationery Company:Income statement:20X2ProfitS100.000Depreciation expense90,000Gain/loss on sale of truck??Statement of financial position:31 Dec 20X231 Dec 20X1CashS??S40.000Accounts receivable295,000310.000Inventory289.000321,000Prepaid expenses70.00060.000Accounts payable239,000220.000Accrued expense payable58.00060.000Additional Information:(1)Purchased a new truck for cash at the cost of S100,000.(2)Sold the old truck with the net book value of $25,000 for cash at S63,000.(3)Made payment on the two-year notes payable for the amount of S10,000.(4)Paid the dividend of S25,000 on the ordinary shares.(5)Purchased treasury shares for S118,000 cash.Required:(a)Calculate the net cash from/used in operating activities.(b)Calculate the net cash from/used in investing activities.(c)Calculate the net cash from/used in financing activities.(d)Prepare the statement of cash flows for the year ended 31 December 20X2 for YYStationery Company using the indirect method.Place parentheses around thosedollar amounts representing cash outlays.Part B-answer(a)Calculate the net cash from/used in operating activities.(b)Calculate the net cash from/used in investing activities.(c)Calculate the net cash from/used in financing activities.(d)Prepare the statement of cash flows for the year ended 31 December 20X2 for YYStationery Company using the indirect method.Place parentheses around thosedollar amounts representing cash outlavs.YY Stationery CompanyStatement of Cash FlowsFor the Year Ended 31 December 20X2

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